Boston Awards $38M in CPA Grants for Housing
Seven affordable housing projects in Boston will receive Community Preservation Act grants to help them complete their financing packages.
Samuels Joins Team to Redevelop Somerville Star Market Property
Developers to have financing in hand this summer to begin construction of the $105 million mixed-income housing project.
Over 400 Housing Units Included in Harrison Avenue Proposal
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
Two Developer Teams Bid for Roxbury Parcels
Two teams of active local developers have responded to the city of Boston’s offer of 4.4 acres in Roxbury for housing development.
Cruz Construction Sues Beacon Communities Alleging Racist Treatment
One of Boston’s most prominent, Black-owned construction companies has accused a well-known affordable housing developer of unfairly dismissing it from a public housing renovation project in Boston.
Exciting News from the West End
Nearly all new development projects are exciting, but a slate of proposals to turn a single-story library site in Boston into 90 or more affordable homes is worth cheering on with extra intensity.
Eight Teams Vie to Build West End Housing
An offering to redevelop the Boston Public Library’s West End branch attracted eight proposals that could create over 100 new affordable housing units and new civic space.
Star Market-to-Apartments Swap Pitched in Somerville
A trio of development companies are partnering to turn a long-vacant grocery store parcel in the heart of Somerville’s Winter Hill neighborhood into hundreds of new apartments.
288 Affordable Units Preserved in Brockton
Boston-based Beacon Communities has received $38.5 million in financing to renovate a pair of Brockton housing complexes and preserve affordability restrictions for at least 30 years.
Low-Interest Mortgage Enables Beacon Communities to Preserve Affordability
A financing package by MassHousing and federal agencies will extend affordability protections at a 103-unit complex in Medfield that’s been owned by Beacon Communities since 2012.
Nine Teams Seek Seaport Housing Development Rights
Life science developers have snatched up most of the recent available properties in Boston’s Seaport District, but a publicly-owned parcel that’s been designated for workforce housing is receiving a strong round of interest.
Major Renovations at 300-Unit Springfield Complex Financed
Bonds from MassDevelopment worth $39 million are set to finance major renovations at a 346-unit Springfield apartment complex, and help convert dozens of market-rate units in the building to affordable housing.
Beacon Communities Buys Back Bay Hotel for Housing Conversion
Beacon Communities has closed on its acquisition of the YW Boston property in Back Bay for a planned 307-unit affordable housing conversion.
Searches for Affordable Apartments Just Got Easier
A Cambridge-based nonprofit has launched a new search engine aiming to elevate renters’ searches for income-restricted apartments to the level of commercial sites like Trulia and Apartments.com.
Developers Weigh in With Wallets in Mayoral Race
As potential major changes loom in Boston’s development policies, real estate executives are weighing in with their wallets in the mayoral race.
Hotel Conversion Would Create New Affordable Units in Back Bay
The future owners of a Back Bay property plan to convert the building’s 66 hotel rooms into apartments while retaining office space for tenants including current owner YW Boston.
53 Affordable Housing Landlords Pledge to Avoid Evictions
Over four dozen owners and operators of affordable housing units announced a joint pledge this morning to work with their tenants in financial trouble due to the COVID-19 recession and avoid evicting them over missed rent payments.
BPDA OKs 402 Units in Roxbury, Chinatown, South Boston
The Boston Planning & Development Agency did more than approve a landmark new tower over the Mass. Pike. at its March meeting Thursday.
Beacon Communities Gets $30M Financing for Amherst Property
A 204-unit Amherst apartment complex that was the first property to be developed with financing from MassHousing has received $30 million in mortgage refinancing.
20-Story Condo Tower Approved for Motor Mart Garage
The $525-million Motor Mart Garage redevelopment in Back Bay will add 231 condos in a new 310-foot tower and provide financial support for a planned 85-unit affordable housing complex in Chinatown.
